Crane Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $1,072,640, and project B's cost is $1,128,800. Cash flows from both projects are given in the following table. Year Project A $86,212 1 2 3 4 313,562 427,594 285,552 Project B $586,212 413,277 231,199 What are their discounted payback periods? (Round answers to 2 decimal places, e.g. 15.25. If discounted payback period exceeds life of the project, enter 0.00 for the answer.) Discounted payback period of project A Crane should choose Discounted payback period of project B Which will be accepted with a discount rate of 8 percent?

Crate Manutacturing Co is evaluating two nrojects. The compony oses pwack eriteria of three vears or less. Project A has a cont of 31,072.640 and project B's cost is 51,128.800 Cash flows from both projests are giver in the following table What are their discounted payback periods? Blound answers to 2 decimal places es. 15.25. If discounted poy beck perlod occeedi life of the project, enter 0.00 for the answer. Discounted payback period of project A Discounted payback period of project B Which will be aconpted witha discount rate ot 8percent